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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

MOTFX

Mongolia | 2-5 years |
Suspicious Regulatory License | MT5 Full License | High potential risk

https://www.motforex.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

MOTForex-Demo-1

United Kingdom
MT5
8

Influence

B

Influence index NO.1

Mongolia 7.37

MT4/5 Identification

MT4/5 Identification

Full License

8
Server Name
MOTForex-Demo-1 MT5
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

Mongolia 7.37
Surpassed 21.90% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+976 72222200
support@motforex.com
https://www.motforex.com
Suite 609, The Minister Tower, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-06-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic Information

Registered Region
Mongolia
Operating Period
2-5 years
Company Name
MOT Forex Limited Liability Company
Customer Service Email Address
support@motforex.com
Contact Number
+97672222200
Company Website

FX4050648837

Unverified

Kazakhstan

Terrible experience with MOT Forex. After several successful trades, they blocked my account with $25,000 in it and disabled my FIX API access without any explanation. I suspect the broker deliberately targets and blocks successful traders. Withdrawing funds is impossible, and their support either ignores requests or gives generic responses. I consider this company unsafe, unreliable, and a potential scam. Avoid them at all costs!

Exposure

2024-11-21

A0 Rock 

Unverified

Malaysia

I tested its demo account for over a month before beginning live trading. This is necessary. My profit rate for trading on its demo account is 66.56%. That's why I decided to open a real one. Now, I've been trading on the Standard account for two weeks, and so far, so good.

Positive

2024-08-05

FX3046135822

Unverified

Mongolia

I've traded with this broker for 9 months, and I have to admit that its customer support is very responsive and professional. Always helpful and available to answer any questions.

Positive

2024-07-31

Dadu7328

Unverified

Mongolia

Great customer service and fast reply. Less spread and everything. Thank you guys. You are the best

Positive

2024-07-18

FX1193648352

Unverified

Mongolia

MOT is the newest reliable broker in town with 100% deposit bonus helping me gain my losses back on other brokers. Their spread is really low compared to Pepperstone and Avatrade. Deposit is instant, withdrawal is within 24 hours which I love.

Positive

2024-05-14

Michael Williams Jr

Unverified

Mongolia

I've been trading with MOTFX broker for quite some time now, and I can confidently say they've been an absolute game-changer for me. Their platform is not only intuitive but also packed with powerful tools that have significantly enhanced my trading experience. Whether I'm executing trades on the go or analyzing market trends, their platform never fails to deliver speed and reliability.

Positive

2024-04-26

姓氏

Unverified

Taiwan

This is the only broker I am confident trusting my money with. They are transparent and honest in all transactions. I deal with cryptocurrencies which is the most challenging asset. Thankful I found a good broker to trade with.

Positive

2024-04-26

FX3132298192

Unverified

Mongolia

Enjoy reliable support with our 24/5 customer service team, ready to assist you anytime during the week. Our new, trendy website is user-friendly and offers low spreads, making trading more cost-effective and enjoyable.

Positive

2024-04-26

FX3757315231

Unverified

Mongolia

I've been trading with MOTFX for about 6 months and they've really impressed me. The platform is super user-friendly and their customer support is amazing - always responsive and helpful. The educational resources like webinars and video tutorials are excellent for learning trading strategies. Tight spreads, fast execution, and quality research tools make MOTFX great for traders of all levels. Two thumbs up, I highly recommend giving them a try!

Positive

2024-04-26

姓氏

Unverified

Mongolia

I have to admit it, MOTFX is definite the best broker I ever met. Their support staff are always there to help me, friendly and professional. I cannot find a broker better than MOTFX.

Positive

2024-04-26

Ryo Sonoda

Unverified

Mongolia

I appreciate MOTFX's transparency when it comes to fees. They offer competitive spreads on major forex pairs and while there are some overnight fees, these are clearly outlined on their site. It's refreshing not to worry about hidden charges sneaking up on me.

Positive

2024-04-26

FX3760029000

Unverified

Mongolia

Motfx exceeded my expectations with their user-friendly platform, reliable customer support, and diverse range of trading instruments, making them my top choice for forex trading.

Positive

2024-04-26

FX3437866629

Unverified

Mongolia

I've been using MOTFX for the past six months and am thoroughly impressed by its performance and ease of use. As someone who has experimented with multiple trading platforms, I find that [Trading Platform Name] stands out for several reasons. Firstly, the user interface is clean and intuitive, making it incredibly easy for both beginners and experienced traders to navigate. The platform offers a wide range of tools and charts, which are highly customizable and offer real-time data, helping me make informed decisions quickly.

Positive

2024-04-26

Franky0102

Unverified

Singapore

Absolutely thrilled with my experience trading with MOTFOREX ! The support team is responsive and knowledgeable, always ready to assist with any questions or concerns. With competitive spreads and reliable execution, I've found trading with them to be both profitable and enjoyable. Highly recommend MOTFOREX to anyone looking for a trustworthy partner in the forex market!"

Positive

2024-04-26

14
Account
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Website

motforex.com
76.76.21.61
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Company Summary

MOTFXReview Summary
Registered On2022-11-25
Registered Country/RegionMongolia
RegulationUnregulated
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies, and Shares
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMT5, cTrader (Desktop, Mobile)
Min Deposit$25
ICustomer Support+976-7222 2200
support@motforex.com
Online Chat
Instagram, Facebook, YouTube, Telegram, LinkedIn
Location: MOT Forex Limited Liability Company is located at Suite 609, The Minister Tower, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia.

MOTFX Information

MOTFX is an Asian forex broker with over 100,000 active traders in more than 100 countries. Relying on top international banking systems and clearing institutions, the platform offers over 500 trading products to global clients, including forex, indices, commodities, shares, and cryptocurrencies. It also supports two major trading platforms, MetaTrader 5 and cTrader, catering to multi-device access across desktop, mobile, and web terminals.

MOTFX

Pros and Cons

Pros Cons
Spread as low as 0 pipsUnregulated
MT5 availableIncomplete deposit and withdrawal fee information
Leverage up to 1:1000
Bonus activities

Is MOTFX Legit?

MOTFX is unregulated, and regulatory qualification is an important criterion for measuring a platform's reliability.

unregulated
unregulated

What Can I Trade on MOTFX?

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
Instruments

Account Type

MOTFX offers 5 types of trading accounts, including Standard Account, Pro Account, Swap-Free Account, and Zero Spread Account. In addition, there is a Demo Account suitable for beginners.

Account Type StandardProSwap FreeZero Spread
Min. Deposit$25$25$100$100
SpreadFrom 0.8 pipsFrom 0.0 pipsFrom 2 pipsFrom 0.0 pips
Commission$0.00$3.50 per side$0.00$9 per side
Max. Leverage1:10001:10001:10001:1000
InstrumentsMT5, cTraderMT5, cTraderMT5, cTraderMT5, cTrader
Account

MOTFX Fees

The Zero Spread Account offers the lowest spread of 0 pips, while the Standard Account and Swap-Free Account have 0 commissions. Additionally, there are accounts available with free swap fees.

Leverage

MOTFX provides traders with leverage of up to 1:1000, suitable for traders with a certain level of risk tolerance.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5PC, Mobile, WebExperienced Traders
cTraderPC, Mobile, Web, MAC/
Platform

Deposit and Withdrawal

Deposit

Supports multiple methods including bank transfer, Visa/Mastercard, cryptocurrency, and international remittance. Funds are credited within 3 minutes, and the platform does not charge any deposit fees.

Withdrawal

  1. 98.9% of withdrawal requests are processed automatically and settled within 24 hours. Cryptocurrency withdrawals are even faster.
Deposit

Copy Trading

MOTFX's trading platform supports the Copy Trading function, which is suitable for novices who lack trading experience or time.

Bonus

100% Deposit Bonus 3.0

Open an MT5 Pro/Standard/Swing account and make a single deposit of $50 or more to receive a bonus equal to the deposit amount (up to $2,500 per transaction).

Trade Lots for Rewards

Register and open a designated account. Trade XAUUSD, major and minor currency pairs before December 31, 2025, and complete the trading volume to get a chance to win a Samsung Flip/Fold phone.

Deposit Bonus

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • MT5 Full License
  • cTrader
  • High potential risk

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United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
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